Casinos in Atlantic City are doing pretty great, having recorded growth in all verticals during November. In other words, all casinos in the area provided results that showed that the revenue has been soaring — not just from gaming but from everything else as well.
Therefore, it’s safe to conclude that Atlantic City’s casinos did a really good job in November. However, the great results go way beyond one month, as the entire year was exceptional for the area, recording growth for the third year in a row.
The gambling regulator of New Jersey released some figures on Thursday that tell us more about the outstanding results that Atlantic City casinos recorded. Only in November, all nine casinos managed to generate a total of $224 million on slots and table games.
Compared to November 2018, that’s a 7.1 percent jump. Moreover, that’s also a 10.1 percent jump compared to October 2019.
A Detailed Look
If we were to look at the individual statistics for November, we would see that slots generated a total of $156.8 million, which is a 5.7 percent year-on-year increase. Moreover, table games recorded an even greater revenue jump in the year-on-year comparison, which was 10.5 percent, recording $67.1 million.
However, casinos nowadays don’t consist only of slots and table games, as there’s an increasingly popular type of entertainment that will likely surpass the popularity of online casinos very soon — online gambling. Online casinos managed to record a total of $49.1 million in November, whereas sports betting earned $15.5 million.
Finally, the total gaming win for November in all Atlantic City casinos was $288.6 million.
Slots and casino games earned a total of $2.48 billion from the beginning of 2019 to Dec. 1. That’s already more than they managed to earn in the entire year of 2018, when a total of $2.41 billion was recorded.
Once the figures from December are in, casinos in Atlantic City will be able to officially state the third consecutive year of growth. It seems that they are finally doing a great job, after a long period of decline in the gambling industry in the area.
If online gambling and sports betting are taken into account, the total revenue would be up 15.7 percent, with a total of $3.02 billion earned for the first 11 months of 2019. During the same period of 2018, casinos managed to earn a total of $2.86 billion.
Not All Good News
Although the entire area recorded growth, three casinos in Atlantic City actually recorded a decline, and they are Resorts Casino Hotel (-15.5 percent), The Tropicana (-6.9 percent) and Bally’s casino (-6.7 percent).
On the other hand, the casino that did exceptionally well was The Borgata, which earned a total of $59 million and recorded a jump in revenue of 5.8 percent. The casino that surprised everyone was Caesars, which earned $28.3 million and recorded an increase of 27 percent.
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